SMM Brief on SHFE Copper Prices (2014-3-14)

Mar 14, 2014 17:31

The most active SHFE copper contract followed LME copper prices down to a low of RMB 44,120/mt after starting lower at RMB 44,370/mt, and finished down RMB 400/mt at RMB 44,190/mt.

SHANGHAI, Mar. 14 (SMM) – The most active SHFE copper contract followed LME copper prices down to a low of RMB 44,120/mt after starting lower at RMB 44,370/mt, and finished down RMB 400/mt at RMB 44,190/mt in Thursday’s night trading session. During the night session, positions increased by 12,242 lots, and trading volumes maintained at around 520,000 lots. SHFE copper prices dipped to the RMB 44,000/mt mark after briefly touching a high of RMB 44,430/mt due to increasing sell-offs on Friday. The red metal ended down RMB 300/mt or 0.67% at RMB 44,290/mt. Trading volumes shed by 296,000 lots, while positions gained by 21,268 lots. Investors were divided at the RMB 44,000/mt on Friday.

SHFE copper prices

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SMM Brief on SHFE Copper Prices (2014-3-14)

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